A graph to show unexplained changes in the RTS index
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Payment protection insurance (PPI), also known as credit insurance, credit protection insurance, or loan repayment insurance, is a type of insurance which is sold alongside loans and credit cards. The purpose of PPI is to protect the buyer from the financial consequences of failing to make loan repayments, making the required payments when the borrower is unable to make them, for example due to sickness, unemployment, or other unforeseen circumstances.
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